In this blog post, we seek to address potential future benefit cuts, restore solvency, and minimize anxiety around Social Security - providing an overview of rising concerns, highlighting recent events, and more.
This blog post provides a detailed examination and historical perspective on how tariffs influence trade, federal income, consumer prices, and domestic industries. While tariffs can be used beneficially in certain strategic contexts, they generally introduce complications such as increased prices, retaliatory policies, and currency shifts. These issues may ultimately diminish their effectiveness as a sustainable source of revenue or a tool for long-term economic stability.
Tax season is officially here. If you haven't already, now is the time to get prepared. Whether you meet with a tax professional or prepare your taxes yourself, proper planning helps the processes go more smoothly and may reduce the risk of costly errors. Check out these tips and prepare to tackle this tax season with confidence.
Activity came out of the White House at a feverish pace during the first week of the new administration. Headlines swirling nonstop with dizzying executive orders have been the norm, not to mention talks of tariffs. With the unknown impact of potential tariffs on financial markets and new developments that could affect markets in the future, here's what we can surmise at this early stage.
The team at Braun-Bostich & Associates provides nine things to consider in the current market and economy, including tips on minimizing taxes, rebalancing your portfolio, considering a Roth conversion, using charitable donations advantageously, and more.
Embarking on retirement heralds a transformative chapter in life. By strategically prioritizing and consulting with a financial advisor, you can craft a retirement blueprint that might exceed your wildest dreams.
Qualified charitable distributions from an IRA provide individuals over 70 1⁄2 with a way to receive income tax savings on charitable gifts — even if they decide to take the newly increased standard deduction. In this blog post, discover tips for getting tax savings on charitable contributions and learn more about QCDs.
When determining whether or not you have enough money to retire, there are many factors to consider, and the size of a nest egg is most certainly not “one size fits all”. Learn about these factors and other retirement considerations.
Find out everything you need to know about charitable remainder trusts (CRTs), which are vehicles that move highly appreciated assets into income producing assets over a period of years, with the remainder of the donated assets going to your favorite charity or charities.
Find out everything you need to know about qualified charitable distributions (QCDs), which is a way to give from your pre-tax IRA account directly to a charitable organization and avoid being taxed on the amount given.
